Global power quality equipment market is expected to grow at a steady rate during the forecast period. The global power quality equipment market is driven by the increasing demand for cleaner and alternative forms of energy. Additionally, erratic power supply and voltage fluctuations causes damage to electronic devices and equipment. This has drastically increased the need for deployment of efficient systems to protect the electronic devices from damage thereby fueling the market growth. Furthermore, the development and upgradation of existing grid infrastructure along with new product launches by the major players is expected to create lucrative opportunities for market growth through 2027. However, high cost of deployment and installation of power quality equipment can hamper the market growth through 2027.
The global power quality equipment market is segmented based on equipment, phase, application, company, and region. Based on phase, the market can be split into single phase and three phases. The three-phase segment is expected to dominate the market owing to their extensive use in commercial and industrial facilities to accommodate higher loads and it delivers power at a steady & constant rate.
Regionally, the power quality equipment market
The major players operating in the power quality equipment market are ABB Ltd., Siemens AG, Schneider Electric SE, Emerson Electric Company, Eaton Corporation, Plc, General Electric Company, Active Power, Inc., MTE Corporation, Smith’s Group plc., Toshiba Corporation, and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Objective of the Study
- To analyze and estimate the market size of
global power quality equipment market from 2017 to 2020.
- To estimate and forecast the market size of
global power quality equipment market from 2021 to 2027 and growth rate
until 2027.
- To classify and forecast global power quality
equipment market based on equipment, phase, application, company, and
regional distribution.
- To identify dominant region or segment in the
global power quality equipment market.
- To identify drivers and challenges for global power
quality equipment market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
power quality equipment market.
- To identify and analyze the profile of leading
players operating in global power quality equipment market.
- To identify key sustainable strategies adopted
by market players in global power quality equipment market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
Market insights research calculated the market size of
Key Target Audience
- Power quality equipment manufacturers/
suppliers/ distributors
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to power quality equipment
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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Attribute
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Details
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Base Year
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2021
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Historical Years
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in Units, and CAGR for
2017-2021 and 2022-2027
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Report Coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments Covered
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Equipment
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Phase
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Application
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Regional Scope
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North America; Asia Pacific; Europe & CIS; South America;
Middle East & Africa
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Country Scope
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United States; Canada; Mexico; China; India; Japan; Malaysia;
Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom;
Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia;
UAE; South Africa; Egypt
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Key Companies Profiled
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ABB Ltd., Siemens AG, Schneider Electric SE, Emerson Electric
Company, Eaton Corporation, Plc, General Electric Company, Active Power,
Inc., MTE Corporation, Smith’s Group plc., Toshiba Corporation.
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Customization Scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and Purchase Options
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Avail customized purchase options to meet your exact research
needs. Explore purchase
options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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